January 2016
Price Situation in the Cordillera
Consumer Price Index (CPI)
The Consumer Price Index (CPI) is the general measure of the change in the average
retail prices of a market basket or collection of goods and services commonly purchased
by the average Filipino household.
The Consumer Price Index of CAR in January, 2015 was 138.7, higher by 3.4 index
points from last year’s 135.3.
There was a general increase in the CPI of all the provinces reflecting the increases in
the average prices of goods and services.
Table 1. Consumer Price Index by Province, CAR:
January 2015 and January 2016
(2006=100)
Province
January
Index Point
Change
2015
2016
CAR
138.7
141.1
2.4
Abra
130.6
133.3
2.7
Apayao
129.7
131.5
1.8
Benguet
141.3
142.9
1.6
Ifugao
142.5
144.1
1.6
Kalinga
133.9
137.2
3.3
Mt. Province
142.4
150.4
8.0
Among the provinces, Mt. Province posted the highest CPI at 150.4 followed by Ifugao at
144.1 and Benguet at 142.9. On the other hand, Apayao posted the lowest at 131.5.
In terms of index point change, Mt. Province reported the highest at 8.0 while Benguet
had the least at 1.6.
PHILIPPINE STATISTICS AUTHORITY - CORDILLERA ADMINISTRATIVE REGION
Volume XVI No.I
2
CPI by Commodity Groups
Among the commodity groups, alcoholic beverages and tobacco recorded the highest
CPI (194.2) in the region with Apayao contributing the highest with 201.9 followed by
Kalinga and Abra at 200.8 and 200.5, respectively.
Education had the second highest CPI at 159.9 index points. Among the provinces,
Mt. Province had the highest with 228.8.
Food and non-alcoholic beverages came next with Benguet having the most at 160.6
followed by Mt. Province at 159.5.
Communication had the lowest CPI among the commodity groups in the region with
Abra posting the highest index at 111.4 while Apayao had the lowest at 77.7.
Across provinces, Apayao posted the lowest index for all items.
Table 2. Consumer Price Index by Commodity Group and by Province, CAR:
January 2016
(2006=100)
Commodity Group
Province
CAR
Abra
Apayao
Benguet
Ifugao
Kalinga
Mt.
Province
All Items
141.1
133.3
131.5
142.9
144.1
137.2
154.4
Food and Non-Alcoholic
Beverages
155.0
143.1
149.4
160.6
153.5
148.0
159.5
Alcoholic Beverages &
Tobacco
194.2
200.5
201.9
196.7
177.0
200.8
179.1
Clothing and Footwear
130.2
142.8
116.4
125.0
145.7
122.1
145.4
Housing, Water, Electricity,
Gas and Other Fuels
130.1
114.2
102.8
141.9
130.6
109.1
130.1
Furnishing, Household
Equipment and Routine
Maintenance of the House
128.9
122.1
113.7
133.6
117.6
134.6
134.9
Health
130.4
121.3
110.0
136.7
113.9
125.6
132.8
Transport
129.1
147.8
114.1
126.8
130.9
145.8
120.7
Communication
83.1
111.4
77.7
79.8
101.0
78.7
87.3
Recreation and Culture
108.0
108.2
116.0
105.2
106.6
114.6
111.8
Education
159.9
146.0
140.9
146.9
170.7
164.6
228.8
Restaurants
and Miscellaneous Goods
and Services
129.0
117.4
133.2
124.9
148.0
133.4
147.7
3
By index point change, education recorded the highest change at 12.5 points. This
was followed by alcoholic beverages and tobacco and food and non-alcoholic
beverages at 8.4 and 3.3 points, respectively.
The rest of the commodity groups reported a minimal annual increase in their index
points. On the other hand, housing, water, electricity, gas and other fuels had a
negative percent change.
Note:
1
includes Household Equipment and Routine Maintenance of the House
2
includes Miscellaneous Goods and Services
Inflation Rate
The overall change in prices of goods and services in CAR was an increase of 1.7
percent in January 2016, lower by 0.8 percentage points from January 2015.
Mt. Province posted the highest inflation with 5.6 percent increase followed by
Kalinga and Abra with 2.5 and 2.1 percent, respectively.
Compared last year, the rates of price increases slowed down in the following
provinces: Benguet, Ifugao and Apayao.
Figure 1. Year-on-Year Consumer Price Index by Commodity Group,
CAR: January 2015 and January 2016
(2006=100)
138.7
151.7
185.8
128.0
130.4
127.4
129.1
128.5
83.1
107.2
147.4
126.2
141.1
155.0
194.2
130.2
130.1
128.9
130.4
129.1
83.1
108.0
159.9
129.0
0
50
100
150
200
250
All Items
Food & Non-
Alcoholic Beverages
Alcoholic Beverages
& Tobacco
Clothing &
Footwear
Housing,
Water,Elec., Gas &
Other Fuels
Furnishings1
Health
Transport
Communication
Recreation and
Culture
Education
Restaurant2
January, 2015 January, 2016
2.4
2.2
1.3
0.6
0.0
0.8
12.5
2.8
-0.3
1.5
3.3
8.4
4
By Commodity Group, Month-on-Month
By commodity, the year-on-year growth of the heavily-weighted food and non-
alcoholic beverages index in the Cordillera accelerated to 2.2 percent compared to
the previous month.
Inflation in education remained the highest in the region. And for two consecutive
months, housing, water, electricity, gas and other fuels continued to post negative
annual rate.
Table 3. Year-on-Year Inflation Rates by Commodity Groups,
CAR: January 2016 and December 2015 (2006 = 100)
Commodity Group
Inflation Rates
January
December
All Items
1.7
1.5
Food and Non-Alcoholic Beverages
2.2
2.0
Alcoholic Beverages & Tobacco
4.5
4.2
Clothing and Footwear
1.7
1.5
Housing, Water, Electricity, Gas and Other Fuels
-0.2
-0.3
Furnishing, Household Equipment
& Routine Maintenance of the House
1.2
0.4
Health
1.0
0.6
Transport
0.5
-0.2
Communication
0.0
0.0
Recreation and Culture
0.7
0.4
Education
8.5
8.5
Restaurants and Miscellaneous Goods and Services
2.1
1.8
Figure 2. Year-on-Year Inflation Rates by Province, CAR:
January 2015 and January 2016
(2006=100)
2.5
0.7
2.8
3.4
1.5
0.9
2.2
1.7
2.1
1.4
1.1
1.1
2.5
5.6
0
1
2
3
4
5
6
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
January 2015 January 2016
5
By Food Items, Year-on-Year
Generally, for the year-on-year inflation rates modestly accelerated for all food items.
Fruits and vegetables persisted to have the highest price increases with 9.0 and 7.0
percent increases in January 2016.
The lower prices of meat contributed to continued negative annual inflation rates of
the commodity.
Table 5. Year-on-Year Inflation Rates of Selected Food Items,
CAR: January 2016 and 2015; December 2015 and 2014
(2006 = 100)
*Includes flour, cereal preparation, bread, pasta and other bakery products
Purchasing Power of the Peso (PPP)
The value of the peso in CAR dropped to 71 centavos from last year’s 72 centavos.
Meaning, that market value of goods and services worth 71 centavos in January,
2006 were bought at one peso in January 2016.
Compared to January 2015, the PPP of all the provinces decreased.
Apayao had the highest peso value at 76 centavos followed by Abra at 75 centavos
and Kalinga at 73 centavos. Meanwhile, Mt. Province had the lowest peso value at 66
centavos.
Food Items
Inflation Rates
Jan. 2016
Dec. 2015
Jan. 2015
Dec. 2014
Current
Previous
Bread and Cereals
152.4
152.4
151.2
151.0
0.8
0.9
Rice
148.6
148.2
147.1
146.9
1.0
0.9
Corn
168.0
159.5
157.4
157.1
6.7
1.5
Other Cereals*
165.1
166.6
165.2
165.1
-0.1
0.9
Meat
133.0
133.2
134.8
134.6
-1.3
-1.0
Fish
167.9
166.3
162.4
162.0
3.4
2.7
Milk, Cheese and Eggs
136.4
136.1
133.4
133.2
2.2
2.2
Oils and Fats
180.5
180.3
177.6
177.6
1.6
1.5
Fruits
205.1
204.6
188.2
187.6
9.0
9.1
Vegetables
181.5
180.5
169.6
170.6
7.0
5.8
Sugar, Jam, Honey,
Chocolate &
Confectionery
135.4
134.7
133.2
133.4
1.7
1.0
Food Products, N.E.C.
174.3
173.9
173.1
172.2
0.7
1.0
6
Consumer Price Index (CPI) is a general measure of the change in the average retail prices of a market basket
or collection of goods and services commonly purchased by the average Filipino household.
Inflation Rate (IR) is the rate of change in the average price level between two periods (year-on year/month-on-
month as measured by the CPI).
Purchasing Power of the Peso (PPP) measures how much the peso in the reference year is worth in another
year.
Base Year (BY) is the reference point of the index number series, at which the index number is set to zero.
Market Basket (MB) is a sample of goods and services used to represent all goods and services produced or
bought.
For more information, please contact:
Mail: PSA - CAR, Regional Office
141 Abanao Extension, Baguio City
Tel. Nos.: (074) 442-7449
Telefax No.: (074) 443-7763
Email: socd_psacar@yahoo.com
psacordillera@yahoo.com
Technical Notes
Figure 3. Purchasing Power of the Peso by Province, CAR:
January 2015 and January 2016
(2006=100)
0.72
0.77 0.77
0.71
0.70
0.75
0.70
0.71
0.75
0.76
0.70
0.69
0.73
0.66
0.6
0.65
0.7
0.75
0.8
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
January, 2015 January, 2016